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What is an Accommodation Bond and How Do You Pay for Aged Care?

What is an Accommodation Bond and How Do You Pay for Aged Care?

Mum or dad are fine one day, then suddenly they’re in hospital and your local ACAT (aged care assessment team) are saying they need permanent residential care in a hostel or nursing home. It can be quite a shock. Especially when you’re confronted with the costs. One of the first questions many families ask when an elderly relative is assessed is: what is an accommodation bond...

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Female doctor and patient discuss something in a doctor's office

The 5 BIGGEST aged care mistakes to avoid at all costs!

We hear this a lot. It’s probably the most common refrain from people experiencing the aged care process for the first time. And it’s certainly the main reason people approach us for help. Yes it is complex, but mistakes and oversights by the resident & their family can make it much, much worse. We’ve been providing aged care financial planning advice to Sydney for years...

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